According to a recent report from The Economist, many public-sector organizations are reeling from a growing pension crisis. This is a problem that used to impact the private sector. However, many corporations wised up earlier, eschewing retirement payouts for the...
Over the past year and a half, the U.S.-China trade war has dominated the economic and business discourse: to no one’s surprise, a poor relationship with the world’s second-biggest economy is a dark cloud. But thanks to recent positive sentiment from both camps, we...
So the third-quarter U.S. GDP growth reading came in today, and it’s 1.9%, which is lower than the previous quarter’s 2% GDP growth. In other words, American productivity growth is declining. That’s supposed to be bad news, right? It would be bad news if we were to...
Economists in their ivory towers define “recession” technically as two consecutive quarters of negative GDP growth, but thoughtful citizens know that there’s more to it than that. As the division between the real economy and the economy defined by academics and...
If a nation is only as strong as its constituent states, then America is in serious trouble. Some states are in worse shape than others, but unfunded liabilities have gotten so bad that the nation as a whole is threatened with financial ruin. Truth in Accounting...